Question
Fusion Company has the following data on April 30, 2015: April manufacturing overhead ......................................P 30,101.80 Decrease in ending inventories: Materials........................................................2,430.00 Goods in Process............................................590.00 Increase in
- Fusion Company has the following data on April 30, 2015:
April manufacturing overhead ......................................P 30,101.80
Decrease in ending inventories:
Materials........................................................2,430.00
Goods in Process............................................590.00
Increase in ending inventory:
Finished Goods...............................................1,320.40
The manufacturing overhead amounts to 50% of the direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing. All materials are purchased F.O.B. shipping point.
What is the cost of goods manufactured?
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
